Bursa continues slide after weaker US biz confidence
KUALA LUMPUR: Bursa Malaysia continued to be under pressure as Wall Street closed on a downbeat note following the latest economic data showing weaker business confidence. At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.82 points to 1,448.37 from Tuesday’s closing of 1,454.19. The index opened 0.19 of-a-point higher at 1,454.38. […]
Cheer for corporate sector in the absence of prosperity tax
KUALA LUMPUR: The absence of prosperity tax in Budget 2023, which could have potentially shaved five to six per cent of the 2023 earnings of the FTSE Bursa Malaysia KLCI’s (FBM KLCI) component stocks, provided a huge relief for the corporate sector, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said. “Without prosperity tax being […]
Foreign fund outflows accelerate to RM320.3 mln last week
KUALA LUMPUR: The foreign fund outflow on Bursa Malaysia accelerated last week as foreign investors disposed of RM320.3 million worth of Malaysian equities, compared to net sales of RM61.5 million in the preceding week, marking the fourth consecutive week of outflows. In its weekly Fund Flow Report today, MIDF Amanah Investment Bank Bhd (MIDF) said […]
Bursa remains in the red at mid-afternoon
KUALA LUMPUR: Bursa Malaysia remained in the red at mid-afternoon amid major political developments in the country. At 3.05 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 9.51 points to 1,495.60 from from Friday’s close of 1,505.11. The index opened 5.19 points weaker at 1,499.92. On the broader market, losers hammered gainers 822 […]
Bursa Malaysia’s losses widen at mid-morning, 858 counters in the red
KUALA LUMPUR: Bursa Malaysia’s losses widened at mid-morning with 858 counters in the red, as the extension of the movement control order under Phase 1 affected sentiment. At 11.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slid 16.98 points to 1,542.70 from Friday’s close of 1,559.68. The market bellwether opened 2.22 of-a-point lower at […]
Bursa Malaysia ends in the red
KUALA LUMPUR: Bursa Malaysia ended in the red today following a domestic political wrangling culminating in the resignation of Tun Dr Mahathir Mohamad as prime minister and Parti Pribumi Bersatu Malaysia chairman. At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.68 per cent or 41.14 points lower to 1490.06 points compared with Friday’s close of 1,531.20. The […]
